• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Success Dragon slot mgmt revenue down 63pct, posts loss

Nov 29, 2022 Newsdesk Latest News, Macau, Top of the deck  


Success Dragon slot mgmt revenue down 63pct, posts loss

Gaming services provider Success Dragon International Holdings Ltd said in a Monday filing to the Hong Kong Stock Exchange that it moved to a HKD1.6-million (US$200,000) net loss in the six months ended September 30, versus a net profit of HKD4.4 million in the prior-year period.

Revenue generated from what the group terms “provision of services on management of electronic gaming equipment in Macau” decreased by 62.7 percent year-on-year to just over HKD7.1 million.

The “significant reduction of revenue” from this segment was “due mainly to limited operation of business for only around three months as the operating agreement was terminated at June 2022,” the firm said. “The group decided to cease operation in this business for the best interests of the shareholders of the company,” it added.

In September last year, Success Dragon announced it had a deal to “supply, set up and manage” a minimum of 120 slot machines and multi-terminal machine units in the slot halls of Macau casinos Grandview and Casa Real.

The firm’s main source of revenue for the six months ended September 30 remained its gold processing and trading business. It generated revenue of HKD81.2 million in the April to September period, down 5.0 percent year-on-year.

The Grandview and Casa Real properties are controlled by Hong Kong-listed Kingston Financial Group Ltd, and run under the gaming licence of Macau concessionaire SJM Holdings Ltd. The venues are to continue offering gaming until at least December 31, coinciding with the extended gaming rights up to that date of SJM Holdings.

On Saturday, SJM Holdings was announced by the Macau government as one of the “provisional winners” of new, 10-year casino licences.

Kingston Financial reported last week its own interim numbers to September 30.


  • tweet
Related articles
  • No swift resumption of dividends for most Macau ops: GS
    No swift resumption of dividends for...

    Sep 19, 2023  

  • FBM to unveil new slot cabinet in Oct at G2E Las Vegas
    FBM to unveil new slot cabinet in Oct...

    Sep 13, 2023  

More news
  • Strong Macau hotel bookings for autumn Golden Week
    Strong Macau hotel bookings for autumn...

    Sep 22, 2023  

  • Big players, tourists due for Golden Week say Macau experts
    Big players, tourists due for Golden...

    Sep 22, 2023  


Latest News

Strong Macau hotel bookings for autumn Golden Week

Strong Macau hotel bookings for autumn Golden Week

Sep 22, 2023  

A number of hotel properties at Macau casino resorts has already sold all or most of the rooms that are available on the open market, for most nights of the upcoming autumn Golden Week holiday...
Read More
Big players, tourists due for Golden Week say Macau experts

Big players, tourists due for Golden Week say Macau experts

Sep 22, 2023  

Philippines must up AML to exit FATF grey list says lawmaker

Philippines must up AML to exit FATF grey list says

Sep 22, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”This year, so far, we will be starting [revamp] work at Grand Hyatt; then, we are looking at Countdown, and afterwards we will look at Altira and others”

Lawrence Ho

Chairman and chief executive of Melco Resorts



Most Popular

  • Golden Week Macau GGR to be 17pct up on rest of Oct: MSGolden Week Macau GGR to be 17pct up on rest of Oct: MS September 21, 2023
  • Grand Hyatt MICE revamp before year end: Melco CEOGrand Hyatt MICE revamp before year end: Melco CEO September 21, 2023
  • Melco to help Macau govt revitalise some Inner Harbour piersMelco to help Macau govt revitalise some Inner Harbour piers September 21, 2023
  • Strong Macau hotel bookings for autumn Golden WeekStrong Macau hotel bookings for autumn Golden Week September 22, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us